MFs raise stake for 3 straight quarters in 5 mid-cap stocks; shares gain up to 75% YTD

Over the past three consecutive quarters, mutual funds (MFs) have steadily increased their holdings in around 39 BSE midcap companies, including in the September 2026 quarter. Such sustained buying often draws retail investors’ attention, as MF investment decisions are generally supported by extensive research and detailed interactions with companies.Continued accumulation by institutional investors over multiple quarters can signal growing confidence in a company. However, despite sustained MF buying, most of these stocks have delivered negative returns in CY26 so far. Among them, five midcap stocks have gained between 15% and 75% during the period. We also highlight four major laggards that have declined by 30% to 45% in CY26 so far. (Data Source: ACE Equity).

Sona BLW Precision Forgings

Over the past year, the stock has rallied 77%, rising from Rs 479 to Rs 850. Mutual fund holdings increased for the third consecutive quarter, reaching 37.74% in September 2026, compared with 36.68% in June 2026 and 35.10% in March 2026.

Emcure Pharmaceuticals

Over the past year, the stock has gained 37%, rising from Rs 1,364 to Rs 1,875. Mutual fund holdings increased for the third consecutive quarter, reaching 7.05% in September 2026, compared with 6.87% in June 2026 and 4.94% in March 2026.

Bank of Maharashtra

Over the past year, the stock has gained 27%, rising from Rs 62 to Rs 79. Mutual fund holdings increased for the third consecutive quarter, reaching 6.78% in September 2026, compared with 6.76% in June 2026 and 6.27% in March 2026.

One97 Communications

Over the past year, the stock has gained 23%, rising from Rs 1,299 to Rs 1,604. Mutual fund holdings increased for the third consecutive quarter, reaching 21.17% in September 2026, compared with 17.94% in June 2026 and 16.60% in March 2026.

Steel Authority of India

Over the past year, the stock has gained 17%, rising from Rs 147 to Rs 172. Mutual fund holdings increased for the third consecutive quarter, reaching 9.95% in September 2026, compared with 8.74% in June 2026 and 8.69% in March 2026.

Suzlon Energy

Over the past year, the stock has declined 30%, falling from Rs 53 to Rs 37. However, mutual fund holdings increased for the third consecutive quarter, reaching 6.54% in September 2026, compared with 6.47% in June 2026 and 4.87% in March 2026.

The Ramco Cements

Over the past year, the stock has declined 31%, falling from Rs 1,055 to Rs 732. Despite the decline, mutual fund holdings increased for the third consecutive quarter, reaching 21.66% in September 2026, compared with 20.31% in June 2026 and 19.04% in March 2026.

Vishal Mega Mart

Over the past year, the stock has declined 35%, falling from Rs 136 to Rs 88. Meanwhile, mutual fund holdings increased for the third consecutive quarter, reaching 31.75% in September 2026, compared with 30.58% in June 2026 and 28.89% in March 2026.

Pine Labs

Over the past year, the stock has declined 36%, falling from Rs 239 to Rs 154. Mutual fund holdings increased for the third consecutive quarter, reaching 26.69% in September 2026, compared with 21.25% in June 2026 and 8.88% in March 2026.

PB Fintech

Over the past year, the stock has declined 45%, falling from Rs 1,827 to Rs 1,008. However, mutual fund holdings increased for the third consecutive quarter, reaching 35.49% in September 2026, compared with 28.32% in June 2026 and 25.94% in March 2026.